adidas AG (OTCMKTS:ADDYY) Declares Dividend of $0.24

adidas AG (OTCMKTS:ADDYY) announced a dividend on Wednesday, April 17th, NASDAQ reports. Investors of record on Monday, May 20th will be given a dividend of 0.2394 per share on Wednesday, May 29th. The ex-dividend date of this dividend is Friday, May 17th.

adidas Stock Up 5.6 %

ADDYY stock opened at $117.23 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. adidas has a 12-month low of $79.58 and a 12-month high of $118.07. The stock’s 50 day simple moving average is $104.57 and its 200 day simple moving average is $99.03.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, March 13th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.36). adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.22 billion. On average, equities research analysts expect that adidas will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, adidas currently has an average rating of “Buy”.

Institutional Investors Weigh In On adidas

Hedge funds have recently bought and sold shares of the business. Mar Vista Investment Partners LLC lifted its stake in adidas by 12.6% in the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock worth $4,196,000 after acquiring an additional 3,993 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of adidas during the 2nd quarter worth about $809,000. Comerica Bank purchased a new stake in shares of adidas during the 2nd quarter worth about $247,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of adidas by 111.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after purchasing an additional 675 shares in the last quarter.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.